Offshore News

A project on a subsea power cable to link continental Europe to the East Mediterranean will materialize, Greek foreign minister said on Thursday after meeting his Israeli and Cypriot counterparts.Media reports earlier this week suggested that the project had stalled over territorial differences.Greek power grid operator IPTO ADMr.AT is building the Great Sea Interconnector (GSI) cable, which will link transmission networks of Europe to Cyprus. It will later stretch to Israel through the Mediterranean Sea.(Reuters)

Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.Huge fires and explosions charred the Solong and left the Immaculate with a gaping hole, but owner Stena…

The Japan Energy Summit & Exhibition 2025 Executive Committee convened in Tokyo under the leadership of Nobuo Tanaka, Executive Director Emeritus, International Energy Agency (IEA), to define the event’s agenda and assess the challenges shaping Japan’s energy future.As Japan navigates LNG supply uncertainties, decarbonization targets, and evolving global energy partnerships, the Pre-Summit Industry Panel, attended by over 100 senior energy professionals, explored the implications…

A Russian missile attack on Tuesday damaged a grain vessel in the Black Sea port of Odesa, killing four people, Ukrainian authorities said.A ballistic missile struck the MJ Pinar bulk carrier that was loading wheat for Algeria, killing four Syrian nationals and injuring one other Syrian and a Ukrainian, Ukraine's Deputy Prime Minister Oleksiy Kuleba said on Telegram."Russia is attacking Ukraine's infrastructure, including ports, which are involved in ensuring the world's food security…

TMC Compressors (TMC) has secured a contract to deliver a large capacity marine compressed air system to the large floating liquefied natural gas (FLNG) unit that Wison New Energies is building for Malaysia-based Genting.TMC will deliver its scope as a subcontractor to Jereh Offshore, which is a China-based engineering technology and service company to the offshore industries.As part of its scope of supply, TMC will deliver a marine compressed air system consisting of six compressors in total, for control air, instrument air, N2 feed air and utility purposes.

A fire onboard the Stena Immaculate oil tanker has greatly diminished with no visible flames, as initial salvage activities begin in the North Sea, the manager of the vessel Crowley reported.Crowley said it is working closely with U.K. agencies to support the incident response, salvage and environmental impact mitigation operations resulting from container ship Solong striking the tanker Stena Immaculate while at anchor on Monday, March 10.Worth noting, Solong’s owner has characterized…

Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the sidelines of the CERAWeek conference in Houston.She added the firm could also look for oil opportunities in Argentina, as…

Petrobras obtained approval from the country's environmental agency to clear corals from the underside of the drilling vessel it plans to use in the Foz do Amazonas region, Reuters reports. Its February 10 request was granted on Monday for the vessel the state-run firm will send to drill off the coast of the northern Amapa state if it obtains a long-sought license to explore the environmentally sensitive region.Due to the corals being a potentially invasive species if moved to another biome…

Norwegian maritime technology company Pherousa has secured approvals in principle (AiPs) from American Bureau of Shipping (ABS) and DNV for its ammonia cracking technology onboard ships, featuring PEM Fuel Cells and Fuel Gas Supply System (FGSS) for fully electric propulsion.Pherousa, together with partners, is developing ammonia cracking technology that could make the transition to fossil-free and zero-emission propulsion within the maritime short- to deep-sea transport sectors a reality.Key partners in the work towards the two AiPs include the designers Deltamarin…

Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports.He could not give a time frame for the salvaging but added that four ships carrying foam and extinguishing agents were already en route to put out the fire caused by the collision.Another company would salvage Solong, the other container ship involved in the collision, Boskalis' spokesperson said without specifying which company.The Stena Immaculate was anchored when it

Crowley, the manager of oil tanker Stena Immaculate that was struck on its port side by the container ship Solong, causing a blaze, has reported that all 23 members of the ship’s crew are safe and without reported injuries, as it launches spill containment response efforts.On March 10, 2025, while stationary and anchored off the North Sea coast near Hull in the United Kingdom, the Crowley-managed tanker Stena Immaculate was struck on its port side by the container ship Solong.Crowley…

Consortium partners Semco Maritime and PTSC M&C have completed the load-out and sail-away of the second and last offshore substation for the Hai Long Offshore wind project in Taiwan.The load-out and sail-away of the second substation for Hai Long 3 offshore wind farm, which took place on March 8, 2025, comes almost a year after the first substation for Hai Long 2 was delivered to the project site.The project exceeds 1 GW and consists of Hai Long 2 and Hai Long 3 wind farms in the Taiwan Strait 45-70 kilometers off the coast and is jointly developed by Mitsui & Co…

Van Oord’s offshore installation vessel Boreas has arrived in the Netherlands after a voyage from China of almost 14,700 nautical miles for final outfitting and christening before embarking on its first offshore wind project.The Boreas is currently docked at TMA Logistics in the Port of Amsterdam, where the vessel will undergo its final completion and commissioning phase.Its decks will simultaneously be outfitted with wind turbine foundation equipment and installation tools in preparation for its first assignment. The christening will take place in Rotterdam in June.

U.S. Secretary of Energy Chris Wright delivered a keynote address at CERAWeek 2025, emphasizing the administration’s commitment to expanding American energy production while ensuring affordability, reliability, and security.Wright criticized previous energy policies for focusing too narrowly on climate concerns, arguing that they led to higher costs and economic instability. He reaffirmed the administration’s support for natural gas, nuclear, and expanded energy infrastructure…

A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.The tanker, which can carry tens of thousands of tons of jet fuel, was at anchor when the smaller container ship struck it, rupturing its cargo tank and releasing fuel into the sea, its operator said. Its owner Stena Bulk gave the same details.Two maritime…

Stena Immaculate and the Portuguese-flagged container ship Solong Tanker, cargo ship collide off UK coast causing blaze and casualties.A chemical tanker and container ship collided off the northeastern coast of England on Monday causing a huge fire on at least one of the vessels and leading to numerous casualties.Authorities mounted an emergency response, and the coastguard agency said a helicopter, fixed-wing aircraft, lifeboats and nearby vessels with fire-fighting capability…

J.F. Lehman & Company (JFLCO), a middle-market private equity, has through its investment affiliates sold Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF).With a legacy dating to 1850, GMG is one of the leading providers of subsea telecom maintenance and installation services, supporting mission-critical global communications infrastructure.Headquartered in the United Kingdom, the company serves a diverse base of customers with high-reliability solutions that ensure…

AET, a member of the MISC Group and owner and operator of maritime transportation assets, has signed an agreement with Fleetzero, a supplier of modular marine batteries for hybrid and electric ships, for the development of the world’s longest-range plug-in hybrid-electric vessel.Under the agreement, one of AET's Lightering Support Vessels (LSV)  will be retrofitted with a plug-in hybrid-electric system.The vessel will operate primarily on battery power, reducing greenhouse gas…

The Maritime Technologies Forum (MTF) has published a comprehensive report, aimed at addressing the critical issue of transporting electric vehicles (EVs) on Pure Car and Truck Carrier (PCTC) vessels.The report, titled Safe Carriage of Electric Vehicles, offers detailed insights into the characteristics of EV fires and provides a framework for considerations necessary to supplement the safe carriage of EVs.The report further highlights the necessity of measures such as early detection…

An oil tanker and a cargo ship a collided off the northeastern coast of England on Monday causing a huge fire, with authorities mounting an emergency response involving aircraft and lifeboats.Shipping industry sources told Reuters the two vessels involved were the chemical tanker Stena Immaculate and container ship Solong.Television images from the BBC showed at least one vessel ablaze with clouds of black smoke billowing into the air.The coastguard agency said a helicopter, fixed-wing aircraft, lifeboats and nearby vessels with fire-fighting capability were called to the incident.The Royal Na

Palfinger Marine has secured a contract by CRIST S.A. in Poland to supply a comprehensive equipment package for a next-generation Offshore Support Vessel (OSV) under construction for DOF Group.As part of the comprehensive equipment package, Palfinger Marine will supply a fully electric, frequency-controlled winch system. The advanced solution enables safe and efficient anchoring, mooring, deck handling, towing, and ice management under extreme offshore conditions.The contract also includes a stern roller and the PALFINGER HSS (Hose Securing System)…

Researchers at Plymouth Marine Laboratory (PML), alongside colleagues at the University of Aberdeen, found that the majority of UK fishermen feel their livelihoods are being threatened by the rapid expansion of offshore wind farms (OWFs), with impacts felt across all vessel sizes and fleet sectors.The study reveals that while the UK leads globally in offshore wind energy production, providing 45% of European capacity and 24% of global capacity, this growth is creating significant spatial conflicts with the commercial fishing industry as both sectors compete for limited marine space.

Briggs Marine has taken delivery of new maintenance support vessel, MV Forth Constructor, built by Freire Shipyard in Spain. The 40-meter DP2 vessel, designed to Briggs’ specification by Cintranaval in conjunction with Freire Shipyard, will strengthen the company's offering for contracts with U.K. Government and Port and Harbour Authorities, as well as providing services to the offshore wind and wider renewables sector.The primary role of the Forth Constructor will be the servicing of heavy moorings and navigation marks…

Norwegian shipbuilder Vard has marked the start of construction of Island Offshore’s hybrid power ocean energy construction vessel (OECV) at its shipyard in Romania.Vard secured the order for the vessel, named Island Evolution, from Island Offshore back in May 2024, which also included an option for two additional vessels. Island Offshore placed the order for the second vessel, to be named Island Explorer, in August.Roy Viggo Fjørtoft, Project Manager from Island Offshore, had…

Mitsui O.S.K. Lines (MOL) has announced that green hydrogen produced from offshore wind using the demonstration yacht Winz Maru was supplied onshore in the central breakwater area of Tokyo, as part of the Wind Hunter Project.This marks the first time in the world that a ship has supplied green hydrogen, produced on its own while underway, for use on shore, according to MOL.Between FY 2021 and FY2 023, MOL conducted a demonstration test in Omura Bay in Sasebo City with the Winz Maru…

President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon.Trump hit Iran with two waves of fresh sanctions in the first weeks of his second-term…

Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day. On 30 April 2024, Svitzer was listed on Nasdaq Copenhagen (SVITZR) as a result of the previously announced separation from its former parent company, A.P. Møller - Mærsk A/S. Danish national Kasper Karlsen has been Global Chief Operating Officer of the Svitzer Group since December 2022.

The Singapore-flagged dual-fuel ammonia-powered vessel Fortescue Green Pioneer has arrived in the U.K. to demonstrate the viability of ammonia as a sustainable marine fuel.The vessel is the first of its kind, powered by four-stroke engines, two of which are capable of being fueled by ammonia and diesel.Ammonia, a zero-carbon fuel, has the potential to substantially reduce greenhouse gas emissions when used for shipping.An ammonia-powered vessel exemplifies how shipping can become more sustainable, an ambitious but essential mission fully backed by U.K.

Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating offshore wind, the government said on Wednesday.Britain has a target to largely decarbonize its electricity sector by 2030 which will require a huge ramp up in renewable power like offshore wind.Using floating turbines, that are not fixed to the seabed like traditional wind farms, allows the projects to be much deeper out at sea, making them less visible to communities that might object and where wind speeds are likely to be stronger.Currently t

Belgian oil tanker group CMB.TECH has entered into a share purchase agreement with Hemen for the acquisition of its stake in dry bulk shipping company Golden Ocean.The acquisition agreement is for 81,363,730 shares in Golden Ocean Group, representing ca. 40.8% of Golden Ocean’s outstanding shares and votes which includes all Golden Ocean shares controlled by Hemen, at a price of $14.49 per share.The transaction will not trigger a mandatory takeover bid or similar offer in Bermuda…

The International Association of Dredging Companies (IADC) announced that Arnold de Bruijn (1980) will join the association in April as the eventual successor to Secretary-General, René Kolman, who has represented the international dredging sector since 2008. Kolman will retire on November 1, 2025 and, following that transition period, De Bruijn will formally take over the role of Secretary-General.de Bruijn has valuable background in the dredging industry. He began his career at Royal IHC…

Rocket Lab, a company specializing in launch services and space systems, has acquired a barge which will be modified to specialized ocean landing platform for rockets returning to Earth.Rocket Lab acquired the Oceanus barge from New Orleans-based, private marine transportation company Canal Barge.The barge, renamed Return on Investment, will be customized to serve as an at-sea landing platform with propulsion systems to maintain the platform’s target position and thermal protection…

Akastor, through its fully-owned subsidiary DDW Offshore, has entered into a binding agreement to sell Skandi Peregrino anchor handling tug supply (AHTS) vessel.Skandi Peregrino AHTS has been sold for the purchase price of $25 million to an unnamed buyer.The agreement is entered into on Saleform 2012 terms, suitably amended, and completion is conditional on charterer's consent.The agreement is expected to be completed in the second quarter of 2025 whereby about $10 million of…

The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy.This recovery follows a slowdown at the end of last year, when new installations dropped to approximately 8GW, which is 2GW lower than the year prior.A record wave of lease auctions is driving the resurgence, with the world’s largest offshore wind market, mainland China, accounting for 65% of new capacity.

Mitsui O.S.K. Lines (MOL) has joined the e-NG Coalition, an international alliance that aims to accelerate the development and use of e-methane to accelerate the decarbonization of shipping industry.With the addition of MOL, the total number of participating companies of the e-NG alliance has increased to 20.Through its participation in the alliance, MOL will establish an international supply chain for next-generation fuels and accelerate its initiatives to reduce the environmental…

The United States Department of Energy (DOE) has announced an order that removes barriers for the use of liquefied natural gas (LNG) as marine fuel to power vessels.The order issued by DOE modifies a prior order issued to JAX LNG under the previous administration that asserted new oversight for the use of LNG to power marine vessels, also known as LNG bunkering.“Today’s action is a significant step in reducing regulatory burdens and helping this important segment of the LNG market continue to grow…

Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil.The South American neighbors are involved in a long-running dispute about which country owns the 160,000-square-km (62,000-square-mile) Esequibo area, which is the subject of an ongoing case at the International Court of Justice (ICJ).The northwest portion of the block, close to Venezuela…

Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026.The reinforcement of Petrobras' fleet comes amid expectations of higher offshore oil output in the next few years as new production units come online at the Buzios field, where it expects to produce up to 2 million barrels per day by 2030.The commissioning of…

The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.On December 13, 2024 the Shenandoah FPS sailed away from HD Hyundai Heavy Industries’ shipyard in Ulsan, South Korea, where it was built.COSCO Shipping and Guangzhou Salvage Heavy Transport (CSGS) delivered the Beacon Offshore Energy’s Shenandoah FPS to Ingleside…

Danish offshore wind installation firm Cadeler has signed a firm contract for the deployment of its newbuild offshore wind vessel, the Wind Pace, at an offshore wind farm located in the United States.This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery later in 2025.The work is scheduled to start in the second quarter of 2025 and the Wind Pace will be committed under this contract until the first quarter of 2026.The value of the contract to Cadeler is estimated to be between $70 million and $79 million.To remind…

In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position, they would be pulled along with it.Diver safety was an early motivator for developments in DP systems, but risks remained. Chris Lemons survived a worst-case scenario in the North Sea in 2012: “First, the communications cable snapped. Then the gas hose stretched to the point I had nothing to breathe. I opened the supply on my back.

Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1,345.8 million respectively, compared with $302.7 million and $1,010.0 million, respectively, for the previous year.Quintin Kneen, Tidewater’s President and Chief Executive Officer, said: “2024 proved to be a successful year by all measures.

Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being developed by ESB and Red Rock Renewables as equal joint owners, recently reached financial close and is now progressing into construction.In that regard, Jan De Nul has been contracted for the installation of the monopile foundations with the offshore heavy-lift vessel Les Alizés…

Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by main installation contractor ACE Pipeline and directly overseen by Consolidated Support Services PTE LTD (CSS), involves the development of two wellhead platforms featuring jackets with integrated boat landings and topsides.The Marine Masters work encompasses detailed preparation for lifting and mooring activities…

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option period.GEOS concluded a firm contract for the Energy Duchess Multi-Purpose Support Vessel (MPSV) which will run until September 1, 2025, with one six-month option.Also, the company secured a contract extension for the Energy Passion Platform Supply Vessel (PSV) until March 1…

Belgian oil tanker group CMB Tech said on Thursday its profit sunk 76% in the fourth quarter amidst slow tanker and dry bulk markets, although it still beat market expectations aided by the disposal of some older vessels.The group, formed after Euronav's takeover of Compagnie Maritime Belge last year, reported a net gain of $0.48 per share for the final quarter of 2024, compared to $2.01 a year earlier. Analysts were expecting $0.21 per share on average, LSEG's IBES data showed.CMB Tech is continuing to carry out its long-term strategy of rejuvenating and optimizing its fleet…

Havila Shipping ASA announces its Q4 2024 financial results, highlighting steady freight revenues, strong fleet utilization, and the successful completion of a major debt restructuring.Key Financial Highlights (Q4 2024):Freight revenues: NOK 148.0 million, consistent with Q4 2023 and up NOK 7.1 million from Q3 2024.Fleet utilization: Maintained at 92%, with a higher average rate than the previous quarter.Operating expenses: NOK 87.7 million, down NOK 1.6 million from Q4 2023 but…

Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels, maintenance of offshore wind farms, and installation and maintenance of submarine telecom and power cables.With a worldwide presence…

Danish international shipping and logistics company DFDS has entered an agreement with the Danish Defence to provide freight ferries for transport of military equipment.The partnership will support on military operations and missions. The contract extends the scope of the current contract and starts in 2026, running for up to six years.DFDS expands and extends its cooperation with the Danish Defence. Eight DFDS freight ferries, RoRos, are to be made available for the transport of military equipment and other commodities for military operations…

North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026.The steel cutting milestone was marked February 25, 2025 at Cochin Shipyard in India, where the planning, engineering design and construction work are being carried out.The newbuild will provide accommodation in field for up to 34 wind technicians as they maintain the development’s 64 wind turbines…

Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil, refined products and LNG shipping across West Africa and cater to other oil producers and traders in the region with modern vessels.The companies did not share financial details of the deal, which was signed last week."By combining our expertise with Stena Bulk and Caverton Marine, we are creating a robust platform that will enhance our domestic r

Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.Demand for natural gas continues to rise globally as the world transitions to cleaner fuels. Industry forecasts LNG demand to reach between 630 million and 718 million metric tons a year by 2040, Shell said in its 2025 annual LNG outlook.The latest view from the world's largest LNG trader is higher than last year's forecast…

Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise), includes the purchase of subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea, EIVA and a range of other sensors.The Subsea Services Department, expected to officially launch in late spring 2025…

Technology group Wärtsilä has signed a five-year lifecycle agreement with NMDC Group, one of the largest dredging and marine contractors in the Middle East.The agreement will focus on optimizing the availability and operational efficiency of NMDC’s dredging fleet.It covers seven of NMDC’s dredgers, with the potential to expand the scope to additional vessels in the future.The scope includes a tailor-made maintenance program for the engine and propulsion equipment onboard the vessels, as well as digital solutions and performance guarantees.

V.Ships, part of V.Group, will partner up with REV Ocean to provide a suite of ship management services for the REV Ocean vessel, deemed the world’s largest and most advanced research and expedition ship.Currently at Vard Søviknes in Norway, the vessel will be equipped to conduct research across the entire marine ecosystem, using advanced technology systems.Scientists and other experts will use it for research expeditions, seeking to solve issues related to the impact of CO2 emissions…

EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates…

Germany-based Bernhard Schulte Offshore (BS Offshore) and Ulstein Verft have launched a new Commissioning Service Operation Vessel (CSOV), the Yno 320.The launch followed an extensive outfitting phase that included the installation of electrical and mechanical systems, piping, accommodation, and system integration.The Yno 320 was towed from Ulstein Verft’s dock hall to the outer dock on February 20.While stationed in the outer dock, the Ampelmann tower and gangway were installed.Three days later…

New nuclear reactor technology represents a once in a generation opportunity for U.S. industrial policy, as vessels propelled by advanced small modular reactors (SMR) could act as a catalyst for the revitalization of the country’s shipbuilding, according the Chairman and CEO of American Bureau of Shipping (ABS), Christopher J. Wiernicki.Wiernicki added he believes the next step is development of a marinized SMR demonstrator.“It is a key transformational technology. It changes the commercial model, the economics of shipping, the operation of the vessels and their design.

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.Saipem7 will become a global organization of over 45,000 people, including more than 9…

Belgium-based offshore installation contractor Jan De Nul has started working on the new deep-water port in Senegal, which will be able to accommodate two of the world's largest container ships simultaneously.Jan De Nul is responsible for dredging the five-kilometer access channel and will create an 89-hectare platform for maritime services and container storage.In total, the works are expected to take two and a half years to complete.The Port of Dakar is nearing its maximum capacity, and the surrounding area is fully saturated.

Subsea cable services company Asso.subsea has introduced the Marine Technology Business Unit, a strategic initiative dedicated to shipbuilding, innovation and sustainability in offshore energy.The new unit marks a significant milestone in the company’s long-term shipbuilding and fleet expansion plans, reinforcing its commitment to delivering cutting-edge marine solutions tailored to the evolving needs of subsea operations.The launch of the unit is officially inaugurated with the signing of the first shipbuilding contract for the Althea…

Sweden is investigating a possible breach of an undersea cable off the country's southwestern coast in the Baltic Sea, the coastguard said on Friday, in an area where multiple seabed cables have been damaged in recent months.The Baltic Sea region is on alert and the NATO alliance has boosted its presence after a series of power cable, telecom and gas pipeline outages since Russia invaded Ukraine in 2022.

The Singapore trading arm of U.S.-based refiner Phillips 66 has recently leased a new floating storage vessel along the Singapore and Malacca Straits for storing fuel oil, market sources told Reuters.The 300,000 metric-tons capacity Southern Emperor is the latest addition to 19 existing fuel oil floating storage vessels along the Straits chartered by various market participants, said sources.So far, Phillips 66 has been partially renting the EM Splendour for fuel oil storage.The Singapore and Malacca Straits are a key location for fuel oil storage in Asia, with traders building inventories of

The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas, has been in charge of the construction of the WTIV vessel, the first of its kind to be build in the United States.The vessel, commissioned by Dominion Energy, also recently completed the jacking trial and main crane load testing, Seatrium informed, adding the Charybdis is 96% completed.The vessel complies with U.S.

Eidesvik Offshore, Agalas, and Reach Subsea have partnered up to build a new construction support vessel (CSV) for subsea and offshore renewables operations.The new CSV will have similar specifications as the vessel Eidesvik currently has under construction together with Agalas at the Sefine Shipyard in Turkey.The vessel will also be built at the Sefine Shipyard, with delivery scheduled for spring 2027.It will be specifically equipped to perform inspection, maintenance, and repair (IMR) work.Upon delivery…

Tidewater has appointed Chris Mack as the company's new Vice President of Marine Operations.Mack brings over two decades of industry experience to the Tidewater team.He earned his Bachelor's degree in Maritime Transportation from the California Maritime Academy and received his Master of Marine Transportation and Engineering Management from California State University Maritime Academy in 2023. He began his maritime career as an Able Seaman, progressing to the role of Captain within the Ocean Towing Fleet.

Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O.S. Energy, helps develop, build, and manage service support vessels for offshore wind farms. The consortium of investors comprised the European family office and others in addition to Eurazeo.A leading European investment group with $37bn AUM, Eurazeo supports 600+ mid-market companies across Europe, Asia, and the United States.MPC Capital is a global investment and asset manager with $5bn AUM specializing in transport…

Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF), a fund with a sustainable investment strategy focusing on the transition of essential infrastructure to a low-carbon economy.This…

Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.Financial terms of the deal for the stake in FGEN LNG, which owns and operates an offshore floating LNG terminal in Batangas City, were not disclosed.(Reuters - Reporting by Chang-Ran Kim; Editing by Janane Venkatraman)

Norwegian offshore supply vessel operator DOF Group has secured contracts for two subsea construction projects which will be executed with its Skandi Implementer subsea vessel.Skandi Implementer, which recently departed Mexico following contract termination after payment default from a client, has been scheduled for work with two international oil companies, whose name has not been disclosed.Designed for subsea construction, IRM & ROV services up to 3000 m depth, the vessel was built in 2008.

Following the launch of the new 20m and 24m WindWings in September 2024, BAR Technologies and CM Energy Tech Co., Ltd (CMET) entered into a collaboration agreement to begin production of these models, responding to the surge in market demand from shipowners and operators of Handymax bulkers, chemical tankers, and general cargo vessels. The introduction of these new models is aimed at broadening the vessel range able to access wind-assisted propulsion is accessible to a broader…

Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.The timing of the stake sale is a test case for buoyant market expectations around LNG with the return of Donald Trump to the U.S. presidency. Trump has said trade partners should buy more U.S. energy and issued several executive orders in his first weeks in…

James Fisher and Sons, a global provider of specialist services to the energy, marine and defense industries, has launched new legal entity in Japan, reinforcing its long-term commitment to Japan and its footprint in North East Asia.The move furthers James Fisher’s intention to bring its integrated offering and solutions to Japan’s energy transition, maritime security and defense needs.The group already has a partnership covering the offshore wind service industry, including a…

NYK Line has become a co-owner of the crew transfer vessel (CTV) operator Northern Offshore Group (N-O-G) with the most recent investment, in preparation for the anticipated future expansion of offshore wind in waters closer to Japan.N-O-G operates more than 60 CTVs in the global offshore wind industry. NYK and N-O-G have had an operational and technical collaboration since 2019, and N-O-G became an NYK Group company when a majority of its shares were acquired by NYK.Through this investment, N-O-G will be able to leverage NYK’s global network, enabling further technical development and growth.

SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units.The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s proprietary CO2 capture technology and SBM Offshore’s Fast4ward principles.This compact modular solution allows a significant reduction of the overall emissions associated with the production of oil and gas from FPSOs…

U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year.The exports are approved to go to markets in Asia and Europe.Energy Secretary Chris Wright, whose agency is responsible for approving the shipments, said exporting U.S. LNG "strengthens the U.S. economy and supports American jobs while bolstering energy security around the world."The U.S.

Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the potential loss of federal support under former President Donald Trump’s proposed policies.The downturn in the offshore wind sector over the past two years has led to prolonged project delays, budget overruns, and even outright failures of planned wind farms…

Gaslog, owner, operator and manager of 35 LNG carriers and one FSRU, has selected Propulsion Analytics to develop a customized version of the Engine Hyper Cube platform tailored specifically for its fleet.The platform will be enabled by Kongsberg Digital’s Vessel Insight cloud infrastructure.It builds on Propulsion Analytics’ core Engine Hyper Cube application, which performs continuous engine performance analysis using high-frequency data from onboard engine sensors.This data is seamlessly integrated via Kongsberg Digital’s Vessel Insight Vessel-to-Cloud infrastructure…

Kongsberg Maritime has developed a mooring capable solution for Offshore Construction Vessels (OSCVs), expanding the capabilities of construction vessels to make them suitable for pre-laying of mooring lines.By integrating a purpose designed anchor handling winch, shark jaws and stern rollers into the design of OSCVs at the newbuild stage, vessel owners can now equip their ships to perform a broader range of mooring operations, Kongsberg Maritime said.This advancement allows OSCVs to handle more tasks independently…

TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement (SPA) for a term of ten years starting in 2026.Under this agreement, TotalEnergies will supply GSPC with 400,000 tons of liquefied natural gas (LNG), amounting to six cargoes per year.The LNG, sourced from TotalEnergies' global portfolio and delivered to terminals on India's west coast, will primarily serve GSPC's industrial customers.

Ocean Installer, a subsidiary of Moreld, has executed an 18-month option, extending the charter-party with ship owner North Sea Shipping for the advanced multi-purpose offshore construction vessel North Sea Giant.The charter has been extended to the end of the first quarter of 2027 in order for Ocean Installer to meet contractual obligations and continued strong demand for offshore construction capacity, the company said.The option agreed North Sea Shipping covers an 18-month…

U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13.59 million barrels per day (bpd) in 2025, up from its previous estimate of 13.55 million bpd.Despite this upward revision in production, the agency has kept its forecast for U.S. petroleum and liquid fuel consumption steady at 20.5 million bpd for 2025. President Donald Trump has reaffirmed his commitment to maximizing U.S.

Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production, expand into new markets, and further develop its predictive radar technology.Over the past years, Next Ocean has delivered numerous Vessel Motion Radar systems to offshore wind and oil and gas companies.The technology provides real-time insights into wave-induced vessel motions…

The offshore wind sector is bracing for transformative changes as it navigates shifting political landscapes and evolving market demands. To shed light on the current state of the industry, Maritime Reporter TV interviewed Phil Lewis, Director of Research at Intelatus, an international offshore energy markets expert, to discuss the trends shaping the Service Operation Vessel (SOV) and Construction Service Operation Vessel (CSOV) markets and the future of U.S. offshore wind under…

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning from April, the sources said.In the initial two years, supplies would be less and will be gradually ramped up, one of the sources said.ADNOC will sign the deal with BPCL during the four-day India Energy Week conference…

Renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding (MoU) with Portland Port, a commercial port on the South Coast of England, to jointly advance offshore wind development off Dorset coast in English Channel.Portland Port has a history of servicing the offshore wind sector and is in discussions with potential partners to enable and support the future construction and operation of offshore wind developments in the English Channel.With significant deep-water berths and quayside space…

Yara Clean Ammonia Switzerland, a subsidiary company of the world’s largest ammonia distributor Yara International, has signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier (AFMGC) to be delivered in November 2026.Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical application of an ammonia-fueled ammonia gas carrier, and the companies have now concluded the world’s first time-charter contract for an AFMGC…

LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France.The new vessel is scheduled to start operations mid-2025 at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm.Following an international call for tenders, Siemens Gamesa has selected LD Tide to provide…

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.Four tankers, carrying 6 million barrels of U.S.

French engineering firm Gaztransport & Technigaz (GTT), COSCO Shipping LNG Investment (Shanghai) (CSLNG), and COSCO Shipping Heavy Industry (CHI) have signed a strategic cooperation agreement for multi-gas vessels development.The three parties have agreed to carry out an in-depth partnership in the fields of LNG Carriers (LNGCs), Ultra Large ethane carriers (ULECs), Very Large Ethane Carriers (VLECs), Floating Liquefied Natural Gas (FLNGs), as well as LNG and ammonia as fuel solutions for Very Large Crude Carriers (VLCCs).Additionally…

Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler scope covers installation and transportation of around 30 wind turbines at the BC-Wind offshore wind farm.Cadeler plans to deploy one of its O-class vessels…

Windward has launched a Critical Maritime Infrastructure Protection solution, an AI-powered solution designed to protect the world’s essential maritime infrastructure against growing threats.Windward’s Critical Maritime Infrastructure Protection solution addresses three primary threats to maritime infrastructure, deep-sea research operations, shallow-water sabotage, and attacks on offshore oil rigs and platforms. The AI-powered solution monitors high-risk vessels to flag suspicious activities…

Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump's tariff threats create uncertainty.Geopolitical developments including Trump's threats to impose tariffs on the top U.S.

Van Oord’s heavy lift installation vessel Svanen has installed the first monopile at the Baltic Power offshore wind farm, north of the Polish coast.Developers ORLEN and Northland Power contracted Van Oord for the transport and installation of 78 foundations, consisting of a monopile fitted with a transition piece.With a production capacity of up to 1.2 GW, the Baltic Power offshore wind farm is expected to ultimately supply renewable energy to more than 1.5 million households in Poland.

Norwegian ship operator within the open hatch segment G2 Ocean has selected StormGeo’s voyage optimization solution for its fleet of 120 vessels.The new agreement builds on the success of a long-term collaboration between the two maritime companies, further solidifying G2 Ocean’s confidence in StormGeo’s ability to support their goals of operational efficiency and decarbonization.G2 Ocean has selected StormGeo’s Voyage Optimization solution, which empowers both shoreside and onboard teams to plan and execute optimized…

Monna Lisa cable laying vessel (CLV), built by Norwegian shipbuilder Vard, has joined Prysmian’s fleet.The 171-meter-long CLV has officially joined Prysmian fleet, following the successful completion of sea trials.Monna Lisa will match Prysmian’s Leonardo da Vinci, the world’s most advanced CLV, in terms of capacity and performance.The vessel boasts two carousels of 7,000 and 10,000 tons, the highest capacity in the current market, enabling a reduced transportation time from the factory to the installation site.At the same time…

Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process, from anchor and mooring installation through to electrical cable pull-in, ensuring that turbines are ready to be connected to energy grids, and offer a comprehensive solution for the floating offshore wind market.The solutions are…

ABS has issued a statement of maturity to Aikido’s floating wind platform which is designed to be assembled more quickly in smaller port areas and transported using existing barges. This could enable faster and cheaper development of floating offshore wind projects.As part of the process, ABS witnessed a successful upending demonstration of the Aikido One unit, a 1:4-scale floating wind platform. The test exhibited the platform’s ability to quickly deploy from its collapsed transportation configuration into an upright…

DP World Southampton has welcomed the arrival of MV Leonidio, the first ship to dock to the port under the Gemini Cooperation agreement, set up by Hapag-Lloyd and Maersk. The MV Leonidio docked at the Southampton logistics hub on February 3 as part of its first rotation on the Gemini Transatlantic AL1/AT3 service.The ship will call at the ports of Rotterdam, Hamburg, and Wilhelmshaven in Northern Europe before crossing the Atlantic to dock at New York, Philadelphia, Baltimore…

The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the actual production of LNG has exceeded the guaranteed levels, with an adjusted annual equivalent production in excess of 0.6 million ton per annum, according to Exmar.Exmar sold Tango FLNG to Eni in 2022, as part of the agreement which saw Eni acquiring Exmar's company Export LNG Ltd…

Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with related saturation diving services to be executed in Malaysian waters.The vessel will be engaged on the contract for an expected 30 days, starting in the second quarter of 2025.The second contract award, for construction support services in Indonesia…

Corvus Energy will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built. The vessel is an electric Commissioning Service Operation Vessel (eCSOV) that will be constructed by Armon shipyard in Spain for UK-based shipowner Bibby Marine Ltd.For the project, Corvus Energy will supply its Blue Whale Battery Energy Storage System (BESS) delivering close to 25MWh of power for the vessel. According to Corvus, it will be the largest LFP (Lithium Iron Phosphate) battery system ever delivered to a maritime project.Unique…

Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026. CVOW continues to achieve construction milestones, including successfully installing the first 16 transition pieces, which connect the foundation and tower for each of the 176 wind turbines. Delivery of the first of three 4,300-ton offshore substations to the Portsmouth Marine Terminal in Virginia Beach occurred at the end of January.